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Tech shares lead after shock drop in jobless claims
The Dow Jones Industrial Common chased tech shares greater on Thursday, aiming for a rebound following Wednesday’s Fed-fueled inventory market sell-off and on the again of a shock drop in first-time jobless claims from the Labor Division. Within the meantime, To dam (SQ) plunged 20% after a brief vendor blamed the corporate for overstating its consumer base. x Superior Micro Units (AMD), Metaplatforms (HALF), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) was up in morning buying and selling. The weekly preliminary jobless claims fell to 191,000 from 192,000 the earlier week. They had been anticipated to rise to 195,000, based on Econoday estimates. Moreover, February new house gross sales are…